David Haggith
Market Commentator & Financial Writer
David Haggith publishes The Daily Doom and writes satire. The Daily Doom contains economic, social, and political news about our troubled times--a non partisan weekday collection of the most consequential stories about our complex times with insightful editorials and weekly economic analysis. As an equal-opportunity critic of America's sharply divided, two-ring political circus, David divides his satire into sister publications so you can pick the one you find agreeable and ignore her sassy sister.
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David Haggith Articles
Economists were expecting find another 100k jobs were created based on today’s report, but we got 33k in net job destruction, instead, while the numbers from the last report were revised down in addition to this bad news. So much for “the...
When I say, “the bull market is strong,” I only mean the market for selling words that are complete “bull____” is strong. The stock analyst bull that goes in your ears about the economy is reeks strongly these days.
After writing about the faulty economic numbers put out by the federal government (or not put out on time as if they were hiding them or are figuring out how to continue forward while downsizing), we have another report that came out on...
I’m glad to hear a number of significant conservative voices fully agreeing with my own position on Trump’s Big Beautiful Bill. Apparently, there is still a little life left in the true conservative minority that remains within the...
A few stories today affirm yesterday’s editorial about the precariously high risk in the US bond market and its causes and the effects on stocks. The articles below name three causes of the crisis in US Treasuries and stocks—tariffs, the...
Treasuries finished climbing solidly above a 4.5% yield on the 10YR and held above that through the end of the day (4.54% as of the writing of this editorial). That’s almost a three-month high.
Treasuries finished climbing solidly above a 4.5% yield on the 10YR and held above that through the end of the day (4.54% as of the writing of this editorial). That’s almost a three-month high. Not too surprisingly whenever the main...
According to the Bureau of Economic Analysis, real GDP just went from a positive 2.4% annual growth rate to -0.3%. It will, of course, take two consecutive quarters of the “growth” rate coming in below zero for the present quarter to be...
Dollar destruction is suddenly the popular theme dominating mainstream financial news when it used to be an arcane topic relegated to alternative sites. Who is driving the death of the dollar?
Since Tuesday afternoon, the dollar has been trading below par with the other currencies that compete against it as global trade currencies. It’s been three years since the dollar reached down to this level. While that is far from earth-...
